Canadian Bank Comparison
Physical Banks
RBC
Unlike the other physical banks, RBC doesn't waive the fee with a minimum
balance. Instead, you receive a scaling rebate based on having certain RBC
products: credit cards, mortgages, investments, and business accounts. If you
have 2 of the previous products, you save $4; if you have 3 of the products, you
save $11.95.
Feature |
VIP |
Signature |
Advantage |
Day to Day |
Fee |
$30 |
$16.95 |
$11.95 |
$4 |
Credit Card Rebate |
$120 |
$48 |
N/A |
N/A |
Bonus |
iPad |
iPad |
N/A |
N/A |
TD
Feature |
All-Inclusive |
Unlimited |
Every Day |
Minimum |
Fee |
$29.95 |
$16.95 |
$10.95 |
$3.95 |
Minimum Balance: Rebate |
$5000 |
$4000 |
$3000 |
N/A |
Safety Deposit Box |
1" x 9" x Unkown |
N/A |
N/A |
N/A |
Credit Card Rebate |
$139 |
N/A |
N/A |
N/A |
Bonus |
$450 |
$450 |
N/A |
N/A |
Scotiabank
Feature |
Ultimate Package |
Preferred Package |
Basic Plus |
Basic |
Fee |
$30.95 |
$16.95 |
$11.95 |
$3.95 |
Minimum Balance: Rebate |
$5000 |
$4000 |
$3000 |
N/A |
Safety Deposit Box |
1.5" x 5" x 24" |
N/A |
N/A |
N/A |
Credit Card Rebate |
$150 |
N/A |
N/A |
N/A |
Bonus |
$350 |
$350 |
N/A |
N/A |
BMO
Feature |
Premium |
Performance |
Plus |
Practical |
Fee |
$30 |
$16.95 |
$11.95 |
$4 |
Minimum Balance: Rebate |
$6000 |
$4000 |
$3000 |
N/A |
Credit Card Rebate |
$139 |
N/A |
N/A |
N/A |
Bonus |
$450 |
$450 |
$100 |
N/A |
CIBC
Feature |
Smart Plus |
Smart |
Everyday |
Fee |
$29.95 |
$16.95 |
$4 |
Minimum Balance: Rebate |
$6000 |
$4000 |
N/A |
Credit Card Rebate |
$139 |
N/A |
N/A |
Bonus |
$350 |
$350 |
N/A |
National Bank
Feature |
Premium |
Performance |
Plus |
Practical |
Fee |
$28.95 |
$15.95 |
$10.95 |
$3.95 |
Minimum Balance: Rebate |
$6000 |
$4500 |
$3000 |
N/A |
Credit Card Rebate |
$150 |
$30 |
N/A |
N/A |